Survey: Most CFOs Taking on Expanded Roles, Including Human Resources and Information Technology

MENLO PARK, Calif., Nov. 13, 2014 /PRNewswire/ -- Extraordinary chief financial officers (CFOs) know no boundaries. Today's CFO is a top-notch accountant, problem solver and business strategist, and, according to recent research, an influencer in human resources (HR) and information technology (IT). More than eight in 10 (85 percent) CFOs interviewed by Robert Half Management Resources said over the past three years their roles have expanded outside of traditional accounting and finance, with HR and IT the most commonly cited areas.

The survey was developed by Robert Half Management Resources, the world's premier provider of senior-level finance, accounting and business systems professionals on a project and interim basis. It was conducted by an independent research firm and is based on interviews with more than 2,100 CFOs from a random sample of companies in more than 20 of the largest U.S. markets.

CFOs were asked, "Which one of the following areas outside of traditional accounting and finance responsibilities, if any, has your role expanded into most over the past three years?" Their responses:

Human resources

21%

Information technology

19%

Operations

18%

Marketing

17%

Sales or business development

10%

None/role hasn't changed

14%

Don't know

1%

100%

"While tackling increased compliance and regulatory pressures, internal controls and tax issues, today's CFO also is a strategic and indispensable business adviser," said Paul McDonald, senior executive director for Robert Half. "With technological advancements and the emphasis on data analytics and business transformation, companies are looking to their financial leaders to partner with departments throughout the organization, including HR and IT, to help enhance efficiencies, grow revenue and contain costs."

McDonald attributed CFOs' increased involvement in HR, in part, to the competitive hiring environment. "Financial executives are often collaborating with HR on benefits and other areas that not only affect a firm's bottom line, but also its ability to attract and retain leading employees," he said.

About Robert Half Management ResourcesRobert Half Management Resources is the premier provider of senior-level finance, accounting and business systems professionals to supplement companies' project and interim staffing needs. The company has 150 locations worldwide and offers assistance to hiring managers and consultants at roberthalfmr.com and on its blog at blog.roberthalfmr.com.